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Debt Level 1 (Notes)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block] Debt
The components of Debt are:
Years Ended December 31,
20202019
 (In thousands)
8.0% Senior Notes due November 2021$150,000 $150,000 
5.375% Senior Notes due May 2024 — 850,000 
7.5% Senior Notes due April 2027152,710 153,465 
4.625% Senior Notes due December 2027550,000 550,000 
5.125% Senior Notes due June 2029750,000 750,000 
3.375% Senior Notes due August 2030850,000 — 
Term Loan due May 2024601,250 633,750 
Bank Credit Facility due May 2024525,000 295,000 
Obligations under finance leases148,864 185,252 
Mortgage notes and other debt, maturities through 205051,766 45,104 
Unamortized premiums and discounts, net(317)5,634 
Unamortized debt issuance costs(36,739)(34,854)
Total debt$3,742,534 $3,583,351 
Less: Current maturities of long-term debt(228,352)(69,821)
Total long-term debt$3,514,182 $3,513,530 
Current maturities of debt at December 31, 2020 include amounts due under our term loan, certain senior notes, mortgage notes and other debt, and finance leases within the next year as well as the portion of unamortized premiums and discounts and debt issuance costs expected to be recognized in the next twelve months. 
Our consolidated debt had a weighted average interest rate of 3.62% and 4.72% at December 31, 2020 and 2019, respectively. Approximately 66% and 69% of our total debt had a fixed interest rate at December 31, 2020 and 2019, respectively.
The following table summarizes the aggregate maturities of our debt for the five years subsequent to December 31, 2020 and thereafter, excluding unamortized premiums and debt issuance costs (in thousands):
2021$228,355 
202260,752 
202370,152 
20241,038,963 
202538,823 
2026 and thereafter2,305,489 
Total debt maturities$3,742,534 
Bank Credit Agreement
The bank credit agreement provides us with flexibility for working capital, if needed, and is guaranteed by a majority of our domestic subsidiaries. The subsidiary guaranty is a guaranty of payment of the outstanding amount of the total lending commitment, including letters of credit. The bank credit agreement contains certain financial covenants, including a minimum interest coverage ratio, a maximum leverage ratio, and certain dividend and share repurchase restrictions. As of December 31, 2020, we are in compliance with all of our debt covenants. We issued $34.0 million of letters of credit and pay a quarterly fee on the unused commitment, which was 0.15% at December 31, 2020. As of December 31, 2020, we have $441.0 million in borrowing capacity under the facility.
As of December 31, 2019, we issued $34.0 million of letters of credit.
Debt Issuances and Additions
During the year ended December 31, 2020, we issued or added $1.6 billion of debt including:
•$850.0 million unsecured 3.375% Senior Notes due August 2030; and
•$735.0 million on our Bank Credit Facility due May 2024.
Newly issued debt was used to pay off our Bank Credit Facility due May 2024, to redeem our 5.375% Senior Notes due May 2024, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $14.5 million.
During the year ended December 31, 2019, we issued or added $1.1 billion of debt including:
•$750.0 million unsecured 5.125% Senior Notes due June 2029;
•$55.0 million on our Bank Credit Facility due December 2022;
•$295.0 million on our Bank Credit Facility due May 2024; and
•$49.3 million in additional proceeds from certain members of the syndicate of banks in our Bank Credit Facility.
Newly issued debt was used to pay off our Bank Credit Facility due December 2022, to redeem our 5.375% Senior Notes due January 2022, to redeem our 4.5% Senior Notes due November 2020, to fund acquisition activity, and for general corporate purposes. These transactions resulted in additional debt issuance costs of $15.5 million.
Debt Extinguishments and Reductions
During the year ended December 31, 2020, we made aggregate debt payments of $1.4 billion for scheduled and early extinguishment payments including:
•$505.0 million in aggregate principal of our Bank Credit Facility due May 2024;
•$32.5 million in aggregate principal of our Term Loan due May 2024;
•$0.8 million in aggregate principal of 7.5% Senior Notes due April 2027 repurchased on the open market;
•$850.0 million in aggregate principal of 5.375% Senior Notes due May 2024;
•$16.1 million of premiums paid on early extinguishment; and
•$2.0 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $18.4 million recorded in Losses on early extinguishment of debt, net in our Consolidated Statement of Operations for the year ended December 31, 2020.
During the year ended December 31, 2019, we made aggregate debt payments of $1.2 billion for scheduled and early extinguishment payments including:
•$450.0 million in aggregate principal of our Bank Credit Facility due December 2022;
•$8.5 million in aggregate principal of our Term Loan due December 2022;
•$32.1 million in aggregate principal payments to other members of our Term Loan due December 2022;
•$16.3 million in aggregate principal of our Term Loan due May 2024;
•$425.0 million in aggregate principal of 5.375% Senior Notes due January 2022;
•$200.0 million in aggregate principal of 4.5% Senior Notes due November 2020;
•$46.5 million in aggregate principal of 7.5% Senior Notes due April 2027;
•$11.5 million of premiums paid on early extinguishment; and
•$0.3 million in other debt.
Certain of the above transactions resulted in the recognition of a loss of $16.6 million recorded in Losses on early extinguishment of debt, net in our Consolidated Statement of Operations for the year ended December 31, 2019.
Additional Debt Disclosures
At December 31, 2020 and 2019, we had deposits of $2.0 million and $2.7 million, respectively, in restricted, interest-bearing accounts that were pledged as collateral for various credit instruments and commercial commitments. These deposits are included in Other current assets and Deferred charges and other assets, net in our Consolidated Balance Sheet.
We had assets of approximately $1.2 million and $0.6 million pledged as collateral for the mortgage notes and other debt at December 31, 2020 and 2019, respectively.
Cash interest payments for the three years ended December 31 were as follows (in thousands):

Payments in 2020
$152,524 
Payments in 2019
$190,672 
Payments in 2018
$179,865 

Expected cash interest payments for the five years subsequent to December 31, 2020 and thereafter are as follows (in thousands):

Payments in 2021
$135,299 
Payments in 2022
123,677 
Payments in 2023
122,791 
Payments in 2024
112,518 
Payments in 2025
105,164 
Payments in 2026 and thereafter
331,096 
Total expected cash interest payments$930,545